Latest Realty News

BHUBANESWAR: The chit fund scams in Odisha took a new turn on Friday after an audio CD containing purported conversations between an alleged mastermind and two unidentified persons was telecast in a TV channel.

BHUBANESWAR: Like the chit fund bosses AT Group CMD Pradip Sethi and Seashore Group CMD Prashant Das and real estate developer Umamani Home Creations (UHC) managing director Narayan Chandra Nayak, Astha International State head Subhranshu Lenka also rode luxurious cars by duping gullible investors, said the Crime Branch official sources

BHUBANESWAR: While there is a growing public demand for fair probe into the alleged nexus between some politicians and controversial chit fund companies, the NCP on Tuesday urged the city police to unearth the possible links of cinestars with these companies.

BHUBANESWAR: Controversial AT Group chief Pradip Sethy and two directors Srikrishna Padhi and Manoj Pattnaik were on Friday taken on five-day police remand for further questioning in the alleged embezzlement of public deposits worth nearly Rs 500 crore.

BHUBANESWAR: Like chit fund bosses AT Group CMD Pradip Sethi and Seashore Group CMD Prashant Das, the real estate developers Umamani Home Creations (UHC) managing director Narayan Chandra Nayak also maintained a lavish lifestyle by duping investors, who paid money to him to get promised plots of land in the capital city.

BHUBANESWAR: Odisha Cricket Association (OCA), in trouble for receiving Rs one crore from the dodgy AT Group for some cricket matches, on Wednesday said it is willing to deposit the money with the state government to benefit small-time investors.

BHUBANESWAR: The much-hyped fraud by AT Group has stirred public curiosity as it was evident during the interrogation of some influential builders, businessmen and media entrepreneurs, having alleged nexus with the company, at Kharvela Nagar police station here on Tuesday.

BHUBANESWAR: Calling the response of the Naveen Patnaik Government to his continued plea to expose the chit fund scam as lackadaisical, former PCC president Niranjan Patnaik has reiterated his demand for an SIT probe under a High Court judge and constituting a corpus fund.

BHUBANESWAR: After AT Group's top bosses, police have now decided to turn the heat on agents, who lured gullible investors and collected huge amounts. Police sources said AT Group agents were getting the highest commission, nearly 40%, compared to other money circulation companies in Odisha.

AT Group CMDPradip Sethi, who allegedly cheated thousands of investors, was taken for a ride by land sharks, who made him buy land at inflated prices. Sethi, who had planned to return investors' heavy interests by selling it at higher rates, failed to dispose it after realizing the real price of the property, police said.

Police on Sunday seized three vehicles, including an SUV and a power bike, owned by AT Group's CMD Pradip Sethi. He was arrested here on May 12 for allegedly running an illegal money circulation business in Odisha.

BHUBANESWAR: Police on Friday froze 245 accounts of the controversial Artha Tatwa (AT) Group and its arrested CMD Pradip Sethi in 10 banks in the state. However, the volume of deposits in those accounts is being verified.